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Petrol, diesel prices slashed for second day in a row; check out latest rates in top cities

The fuel prices were cut by 19-21 paise while diesel rates fell by 19-22 across the major cities in the country

twitter-logoBusinessToday.In | March 25, 2021 | Updated 09:23 IST
Petrol, diesel prices slashed for second day in a row; check out latest rates in top cities
Petrol and diesel were cut for second consecutive day in 2021

Petrol and diesel prices were slashed for the second consecutive day on Thursday, March 25, following a dip in crude oil prices in the global market. The fuel prices were cut by 19-21 paise, while diesel rates fell by 19-22 across the major cities in the country.

In Delhi, a litre of petrol now costs Rs 90.78 (21 paise less) as against Rs 90.99 on Wednesday, whereas diesel price stands at Rs 81.10 per litre as compared to Rs 81.30 a litre on Wednesday, according to data from the Indian Oil Corporation (IOL) website.

The pump prices of petrol have plunged by around 39 paise a litre in the last two days, while the rate of diesel dipped by 37 paise per litre in the national capital.

Also Read: Petrol, diesel prices cut for first time in 2021; check out rates in top cities

In Mumbai, petrol now costs Rs 97.19 a litre, down 21 paise as against Wednesday's price of Rs 97.40 a litre, whereas a litre of diesel is available at Rs 88.20, 22 paise less than yesterday's rate of Rs 88.42 per litre.  

Likewise, in Kolkata, a litre of petrol and diesel are retailing at Rs 90.98 (20 paise fall) and Rs 83.98 (20 paise less) a litre respectively. 

In Chennai, the petrol price was cut by 18 paise and is retailing at Rs 92.77 per litre, while diesel costs Rs 86.10 a litre, 19 paise less than Wednesday's price.

Check out the latest petrol and diesel prices across the four metros (price per litre):  

City                      Petrol           Diesel

Delhi                  90.78           81.30

Chennai              92.77           86.10

Kolkata               90.98           83.98

Mumbai               97.19           88.20

Source: Indian Oil

State-run oil marketing companies (OMCs) on Wednesday, March 25, slashed auto fuel rates for the time in 2021 following a dip in global crude oil prices to their lowest since early February.

Meanwhile, global oil prices skidded around 2% as fuel demand concerns re-emerged alongside fresh coronavirus pandemic lockdowns, trimming overnight gains spurred by the grounding of a giant container ship blocking crude shipments through the Suez Canal.

Brent crude futures slid $1.14, or 1.8%, to $63.27 a barrel at 0139 GMT, after jumping 6% overnight.

US West Texas Intermediate (WTI) crude futures dropped by $1.27, or 2.1%, to $59.91 a barrel, after climbing 5.9% overnight.

Also Read: Petrol, diesel under GST? Not possible for 8-10 years: Sushil Modi

Also Read: Centre admits to earning Rs 33 on every litre of petrol, Rs 32 on diesel

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